POL101Y1 Lecture Notes - Lecture 9: European Central Bank, Toxic Waste, List Of Gasoline Additives
16 Dec 2015
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Document Summary
3400 ftas operating through the world during that time. Disadv protectionism of local jobs will be made illegal -> since subsidy of local sectors is illegal. Protects the rights of investors in other countries. Gives standing to corporations or investors to bring claims against governments for regulations or laws that violate free trade. Case: ethyl corp (1997) amount awarded : million, out-of-court settlement. A us chemical company challenged a canada-wide ban on import and trade of the gasoline additive mmt, a suspected neurotoxin. Case: metalclad (1997) sued mexican government -> toxic waste facilities, contamination. Case: where government won ups against canada for operating the canadian postal service. Agreed, but not yet ratified anywhere, including in us and canada. These agreements affect the sovereignty rights of government. Corporations seek for damages and compensations -> from taxpayers" money. Eu has a population of 508 million and annual nominal gdp is 18. 5 trillion.
